RTY1!
I sometimes wonder if people realize how bad things are going to get.
Daily chart analysis
RTY1! Reached all-time highs after the fake money covid pump. It then spent all of 2021 moving sideways in what turned out to be a Distribution stage.
It entered a downtrend (under 200ema) to start 2022 and found support by mid-year.
Now over the last 12 months, price has pulled back to 200ema and has been moving sideways in form of a Double Top.
This possible “Double Top” pattern has formed a nice tight “build-up” of price at support. This is very bearish as bears are showing strength by containing price in a small range at support level.
Want high probability trades? Trade patterns that coincide with the trend.
Double Top pattern (Bearish pattern) + Downtrend (Bear market) = High probability short trade
The neckline has yet to be broken but the current build-up of price at support level gives us a nice risk/reward entry.
This is my cue to enter trade short.
Entry: 1769.8
Stoploss: 1913.2, -8.10%
Target #1: 1363.8, +22.94%, 2.83 RR ratio
Target #2: 973.2, +45.01%, 5.56 RR ratio
I sometimes wonder if people realize how bad things are going to get.
Daily chart analysis
RTY1! Reached all-time highs after the fake money covid pump. It then spent all of 2021 moving sideways in what turned out to be a Distribution stage.
It entered a downtrend (under 200ema) to start 2022 and found support by mid-year.
Now over the last 12 months, price has pulled back to 200ema and has been moving sideways in form of a Double Top.
This possible “Double Top” pattern has formed a nice tight “build-up” of price at support. This is very bearish as bears are showing strength by containing price in a small range at support level.
Want high probability trades? Trade patterns that coincide with the trend.
Double Top pattern (Bearish pattern) + Downtrend (Bear market) = High probability short trade
The neckline has yet to be broken but the current build-up of price at support level gives us a nice risk/reward entry.
This is my cue to enter trade short.
Entry: 1769.8
Stoploss: 1913.2, -8.10%
Target #1: 1363.8, +22.94%, 2.83 RR ratio
Target #2: 973.2, +45.01%, 5.56 RR ratio
עסקה פעילה
עסקה סגורה: הגיע לסטופ
July 14th Stoploss: 1913.2, -8.10%עסקה פעילה
reEntry: 1769.8Stoploss: 1913.2, -8.10%
Target #1: 1363.8, +22.94%, 2.83 RR ratio
Target #2: 973.2, +45.01%, 5.56 RR ratio
עסקה סגורה: הגיע לסטופ
Stoploss: 1913.2, -8.10%
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.